Lamps & Lighting - Central & Western Europe

In Central & Western Europe, the revenue generated in the Lamps & Lighting market in 2024 amounts to US$19.03bn.
It is projected that the market will experience an annual growth rate of 2.26% (CAGR 2024-2029).
When compared globally, United States generates the highest revenue in this segment, reaching US$32bn in 2024.
In terms of per capita income, in 2024, each person in Central & Western Europe generates revenues of US$56.72.
In Germany, there is a growing demand for energy-efficient LED lamps and lighting fixtures due to the country's focus on sustainability.

Definition:

The Lamps & Lighting segment covers different types of lamps and lights found inside buildings to provide light to carry out activities. This segment includes table and floor lamps, chandeliers, ceiling lights as well as other lamps and light fittings commonly found indoors. Candles, consumer electronics, and household appliances are not included in this segment.

Structure:

The Lamps & Lighting segment is divided into three subsegments:

The Table & Floor Lamps subsegment covers lighting fixtures designed to provide task or ambient lighting to indoor spaces. These lamps typically consist of a base, a stem, and a lampshade and contribute to the overall decor of a room while providing functional lighting.
The Ceiling Lights & Chandeliers subsegment refers to lighting fixtures that are mounted on ceilings to provide ambient lighting. These fixtures range from simple to elaborate lighting fixtures and are available in a variety of styles, sizes, and materials to suit different interior design tastes.
The Light Bulbs and Fittings subsegment includes products such as light bulbs, sockets, and other accessories used to provide and control lighting in indoor spaces.

Additional Information:

The Lamps & Lighting segment consists of revenue and average revenue per capita data. Per capita figures consider the whole population. This segment includes only business to consumer (B2C) sales. Business to business (B2B) sales (e. g., furniture for coffee shops, offices, etc.) are excluded in the figures shown. For more information on the displayed data, click the info button on the right-hand side of each box. In terms of key players in the furniture market, IKEA is the leading furniture company; however, with the rise of eCommerce, players such as Wayfair are gaining ground.

Chandeliers, wall, and ceiling lights
Standing lamps
Decoration lighting such as Christmas tree lighting
Light bulbs and fittings

Candles
Consumer electronics
Household appliances

The Lamps & Lighting market in Central & Western Europe is experiencing significant growth and development. Customer preferences are shifting towards energy-efficient and sustainable lighting solutions. LED technology is gaining popularity due to its long lifespan, low energy consumption, and environmental benefits. Additionally, smart lighting systems that can be controlled remotely through mobile devices are becoming increasingly popular among consumers.

Customer preferences: Customers in Central & Western Europe are increasingly concerned about energy efficiency and sustainability. They are looking for lighting solutions that not only provide adequate illumination but also consume less energy and have a minimal impact on the environment. LED technology meets these requirements as it is highly energy-efficient and has a longer lifespan compared to traditional lighting sources. LED lamps are also available in a variety of colors and designs, allowing customers to customize their lighting according to their preferences.

Trends in the market: The Lamps & Lighting market in Central & Western Europe is witnessing a shift towards LED lighting solutions. LED lamps are becoming the preferred choice for both residential and commercial purposes due to their energy efficiency and long lifespan. The market is also seeing a rise in demand for smart lighting systems that can be controlled remotely through mobile devices. These systems offer convenience and flexibility to users, allowing them to adjust the lighting according to their needs and preferences.

Local special circumstances: Central & Western Europe has been at the forefront of energy efficiency and sustainability initiatives. The region has implemented strict regulations and standards to promote the use of energy-efficient lighting solutions. This has created a favorable environment for the growth of the LED lighting market. Additionally, the region has a well-developed infrastructure and high disposable income, which enables consumers to invest in innovative lighting technologies.

Underlying macroeconomic factors: The Lamps & Lighting market in Central & Western Europe is influenced by several macroeconomic factors. The region's stable economic growth and rising disposable income levels have contributed to increased consumer spending on lighting products. Moreover, government initiatives and regulations promoting energy efficiency have further stimulated the demand for energy-efficient lighting solutions. The market is also benefiting from technological advancements and innovations in the lighting industry, which have made LED lamps more affordable and accessible to a wider range of consumers. In conclusion, the Lamps & Lighting market in Central & Western Europe is experiencing growth and development driven by customer preferences for energy-efficient and sustainable lighting solutions. LED technology and smart lighting systems are gaining popularity due to their energy efficiency, long lifespan, and convenience. The region's focus on energy efficiency and sustainability, along with favorable macroeconomic factors, has created a conducive environment for the growth of the market.

Data coverage:

Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is categorized by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen & Dining room, Outdoor, Home Office, and Baby & Children's Furniture. The Furniture market also includes Lamps and Lighting and Home Décor because the furnishings and accessories within these categories are not specific to any room.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as consumer spending and GDP. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing is well suited for forecasting the Furniture market with a projected steady growth. The main drivers are furniture and furnishings, carpets and other floor coverings, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

From homeware to office furniture, even expanding over to pet care, the furniture industry is all-encompassing and ever-growing. Be it homes, schools, offices, or even outdoors, furniture is what gives a room its function and purpose.